Crystal Insurance Under Scrutiny: BSEC & ACC Link Abul Khayer to Share Scam
The intricate web of Bangladesh's capital market has once again drawn sharp attention to the actions of Md. Abul Khayer, a Deputy Registrar at the Department of Cooperatives, and his repeated involvement in share manipulation, particularly concerning Crystal Insurance Company Limited. Recent rulings by the Bangladesh Securities and Exchange Commission (BSEC) and an ongoing Anti-Corruption Commission (ACC) case highlight a pattern of alleged illicit activities that threaten market integrity and investor confidence. The BSEC's Stance: Fines and Warnings The Bangladesh Securities and Exchange Commission has consistently taken enforcement actions against Abul Khayer and his associates for their alleged role in share price manipulation across various listed companies, including Crystal Insurance. A recent BSEC ruling, as reported on June 16, 2025, saw Abul Khayer and his associates slapped with fines totaling Tk 24.6 million for manipulating the share price of Cr...